The Real Deal New York

The week in real estate market reports

The latest batch from around the industry found that Brooklyn’s residential market hit record high prices, while Manhattan’s office market improved after a shaky start to the year.

Residential

Q2 2015 NYC residential sales: REBNY

New York City home sales are up and average sales prices increased in the second quarter of 2015 compared to last year. The average sales price for a New York City home was $923,000, a 12 percent jump from the same period last year. Read the full report here.

June 2015 NYC residential rentals: Douglas Elliman

Median rental prices in Brooklyn reached a record high of $2,964 in June and are up 5.9 percent year-over-year. Median rents in Manhattan were up for the 16th consecutive month and hit $3,369, a 2.1 percent increase from June of last year. Read the full report here.

Q2 2015 Brooklyn residential sales: Douglas Elliman

Brooklyn’s average sales price hit a record high of $788,529 in Q2. Read the full report here.

Q2 2015 Queens residential sales: Douglas Elliman

The median and average sales price for Queens condos set records in Q2. Median sales prices reached $468,000 for condos while average sales prices hit $575,339. Read the full report here.

Manhattan luxury contracts June 29-July 5: Olshan Realty

The first week of July for Manhattan apartments saw 23 deals priced at $4 million and above, and the week’s priciest apartment to enter into contract had a hefty asking price of $15 million. Read the full report here.

Office

June 2015 Manhattan office leasing: DTZ

Manhattan’s office market posted positive absorption for the fourth straight month in May with 253,303 square feet absorbed and nearly 1 million square feet since January. Read the full report here.

Q2 2015 Manhattan office leasing: DTZ
The Manhattan office market made improvements in the second quarter of 2015, rebounding from a rocky start to the year. During the second quarter, 708,539 square feet of office space was absorbed. Read the full report here.